——Huaying** Professional platform takes you to an overview of the world's blockbuster finance
01 U.S. inflation cooled more than expected in November, and core PCE increased by 3 year-on-year2%。
The Fed's favorite scenario is a larger-than-expected cooling of inflation, reinforcing the Fed's prospects for a rate cut next year. On Friday, December 22, the latest data from the U.S. Department of Commerce showed that the core PCE price index growth rate in November after the Federal Reserve's preferred inflation target, excluding food and energy, fell back to 32% vs. 35%, less than the market expectation of 33%, the lowest level since April 2021;Month-on-month growth of 01%, which is also less than the expected 02%, which is consistent with the previous correction value.
02 U.S. new home sales fell more than expected in November.
Data released by the Commerce Department on Friday showed that new home sales in the United States fell much more than expected in November, which was quite unexpected during the decline in mortgage rates, highlighting the bumpy road to recovery in the U.S. housing market. In terms of specific data, the annualized number of new home sales in the United States in November was 590,000, a one-year low, significantly lower than the expected 690,000, and the previous value was 6790,000 households. U.S. new home sales plunged 12% month-on-month in November2% and expected to be **1 month-on-month6%, and the previous value in October was **56%。
03 IMF: The dollar's share of global central bank reserves fell to its lowest level since the fourth quarter of last year.
On Friday, the latest data from the International Monetary Fund** showed that the dollar's share of global central bank reserves declined in the three months to the end of September, while the yen's share increased. Specifically, the dollar's share of global foreign exchange reserves in the third quarter of this year was 592%, up from 59 percent in the second quarterThe decline of 4% was the lowest since the fourth quarter of last year. The euro's share also declined, from 197% fell slightly to 196%, the share of the yen from 53% to 55%。
04 The risk of recession in the UK has increased, and the final GDP value in the third quarter has shrunk by 01%, less than expected.
The contraction in UK GDP in the third quarter will support bets on a rate cut by the Bank of England. On Friday, data released by the Office for National Statistics showed that the UK's gross domestic product (GDP) shrank by 0.0 in the third quarter from the previous quarter1%, less than expected and the preliminary 0%, after the UK's Q2 GDP grew by 02% downgraded to 0%. The UK's Office for Budget Responsibility (OBR) expects economic growth to be 01%。
05 Japan's inflation accelerated to cool in November, but the service ***23%。
Japan's cooling inflation was even more pronounced in November, and negative interest rates may be a long way from the end. According to a report released by the Japanese Ministry of Internal Affairs on Friday, Japan's CPI in November was **2 year-on-year8%, unchanged from the previous value of 33% is a significant decrease. After excluding fresh food**, which fluctuates greatly, the year-on-year growth rate of CPI in November increased from 2 in the previous month9% to 25%, which is basically in line with expectations, mainly due to the accelerated decline in energy costs and the slowdown in processed foods.
06 Hong Kong and U.S. IPOs
Hong Kong stocks:1) Chabaidao went public in Hong Kong and obtained the "Filing Notice" from the China Securities Regulatory Commission. On December 6, the International Cooperation Department of the China Securities Regulatory Commission issued a notice on the filing of the overseas issuance and listing of Sichuan Baicha Baidao Industrial Co., Ltd. and the "full circulation" of domestic unlisted shares (Guohe Han 2023 1991). CICC is its sole sponsor.
2) On December 22, 2023, Matrix Partners Holdings ***provisional**: 810415) passed the listing hearing on the main board of the Hong Kong Stock Exchange, with Kaisheng and Eddid Financial as joint sponsors.
3) On December 22, 2023, Leading Star (Asia) Holdings Limited (provisional**: 810255) passed the listing hearing on the main board of the Hong Kong Stock Exchange, with Jinlian Capital as its sole sponsor.
U.S. Stocks:1) There are currently no companies planning IPOs during this week's short holiday, and while some smaller, non-US issuers may join the queue for IPOs in the next few days, all large-scale issuers will not be IPOing before the New Year.
Disclaimer The content of this article does not constitute any investment advice and has not been prepared with regard to the specific investment objectives, financial situation and particular needs of any individual investor. Investors should not invest as described herein. The information contained herein is for informational purposes only and should not be construed as an offer or solicitation to buy or sell any product, investment,** trading strategy or financial instrument of any class. Huaying Oriental (Asia) Holdings*** will endeavour to provide accurate information, but does not guarantee the accuracy and reliability of the content of this article, and will not be liable for any loss or damage caused by any inaccuracies or omissions. If there are any comments and ** involved in the article, they can be revised without prior notice. Investment involves risks and investors should fully consider the features of the product, their own investment objectives, the level of risk tolerance and other factors and seek independent financial and professional advice as appropriate before making any investment decision. The Company shall not be liable for any loss suffered by you as a result of the content of this article.